Revenue (Tables)

6 Months Ended

Nov. 30, 2024

Revenue from Contract with Customer [Abstract]

Trade Accounts Receivable Net of Allowances and Net Contract Assets

Trade accounts receivable, net of allowances, and net contract assets consisted of the following:

(In thousands, except percentages)	November 30, 2024			May 31, 2024			$ Change			% Change
Trade accounts receivable, less allowances	$	1,290,536		$	1,419,445		$	(128,909	)		(9.1	%)
Contract assets	$	65,908		$	57,833		$	8,075			14.0	%
Contract liabilities - short-term		(42,997	)		(44,996	)		1,999			(4.4	%)
Net Contract Assets	$	22,911		$	12,837		$	10,074

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses for the three and six months ended November 30, 2024 and 2023:

	Three Months Ended						Six Months Ended
	November 30,			November 30,			November 30,			November 30,
(In thousands)	2024			2023			2024			2023
Beginning Balance	$	49,106		$	56,584		$	48,763		$	49,482
Bad debt provision		5,981			2,892			6,928			10,588
Uncollectible accounts written off, net of recoveries		(1,429	)		(2,033	)		(2,215	)		(2,815	)
Translation adjustments		(987	)		5			(805	)		193
Ending Balance	$	52,671		$	57,448		$	52,671		$	57,448